Araamudhu Sunitha 4

What Happened
Araamudhu Sunitha, Senior Vice President – AIUS at PERDOCEO EDUCATION Corp (PRDO), had performance-based restricted stock units convert to common shares (derivative exercise) and then surrendered a portion of the shares to the company to satisfy tax withholding. On 2026-03-14 she acquired 5,336 shares via exercise/conversion (derivative code M, exercise price $0.00) and disposed of four blocks totaling 7,068 shares (codes F — tax withholding) at $35.78 per share, totaling $252,892.

Key Details

• Transaction date: 2026-03-14; Form 4 filed 2026-03-17 (appears timely — within standard 2 business days).
• Acquired: 5,336 shares via exercise/conversion of PSUs (reported at $0.00 exercise price).
• Disposed (surrendered for tax withholding): 7,068 shares broken into 839, 666, 862 and 4,701-share lots at $35.78 each, total value $252,892.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes of note:
  • F1: Surrenders reflect shares given back to Issuer to satisfy tax withholding on RSU vesting.
  • F2: These were performance-based RSUs (PSUs) granted 3/7/2023; the grant vested at 200% of target, and additional vested shares are being reported now.
  • F3: The reporting person also holds 38,988 unvested RSUs under the 2016 Incentive Plan (each unit = one contingent share).

Context: This was effectively a cashless-like outcome — PSUs vested/converted into shares (an acquisition event), and some of those shares were immediately surrendered to the issuer to meet tax withholding obligations (routine, not an open-market sale). The filing is informational about compensation vesting rather than a discretionary buy or sell that signals an investment decision.